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Hebrew Free Loan Association of Greater Washington

GUARANTOR FORM

Thank you for serving as a guarantor for a loan from the Hebrew Free Loan Association of Greater Washington (HFLAGW). We are proud to provide zero-interest loans to qualified Jewish borrowers in the DC metro area.

Before you fill out this form, please note that as a guarantor, you are jointly and severally liable for the full amount of the loan. Guarantors must sign the promisory note for the loan. 

Thank you for your participating in this important process!

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First Name
Last Name
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First Name
Last Name
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(mm/dd/yyyy)
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Please fill in this field for the amount of money the borrower wishes to request and for which you are comfortable serving as guarantor.
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First Name
Last Name
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Contact Information
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Address Line 1
Address Line 2
City
State/Province
ZIP/Postal Code
Country
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Assets/Revenue and Liabilities/Expenses
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Please upload your two most recent pay stubs. If you self employed and do not have a pay stub, please provide Schedule C of your most recently filed tax return or other proof of income.

If your pay stubs are in two separate files, please upload the second one here. If you want to include additional documents, please email them to shuli@hebrewfreeloandc.org.
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Please provide your total monthly expenditure including rent/mortgage, tuition, car loans, household expenses, debt payments, etc.
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Please provide an approximate value of your net worth for you and your spouse (if applicable). This is a calculation of your assets minus liabilities (ex: house value minus remaining mortgage, etc)
Additional Information
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Notice to Guarantors

Thank you for your interest in becoming an HFLAGW loan guarantor. Please read the following statement and provide your electronic signature to signify that you agree. Please ask for an explanation if there is anything you don't understand.

  • You are being asked to guarantee the borrower's debt. Think carefully before you do so.  If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to and that you want to accept this responsibility.
  • If the borrower fails to repay the loan, as agreed, the guarantors are liable jointly and severally. Guarantors may choose to share equally in the responsibility for repaying the loan. However, each guarantor is invidivially liable for the full amount and you could be called on to repay the total balance due (which might be the full amount of the original loan). You may also be required to pay collection costs (attorney fees, court costs, etc.) which would increase the amount due.
  • The Hebrew Free Loan Association of Greater Washington can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc.
  • If this debt is ever in default, the fact may become part of your credit record.
  • This application is not the contract that makes you liable for the debt.
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